RNST vs SFNC: Correlation
Measured on weekly returns over the past three years, Renasant Corporation (RNST) and Simmons First National Corporation (SFNC) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNST and SFNC?
On 3 years of weekly data the RNST/SFNC correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. The 5-year figure is 0.86, and annualized covariance runs at 782.6 %².
In RNST's tracked universe of 18 assets, SFNC sits right near the top at #2. On 12-month performance SFNC holds a 6.4-point edge, +7.1% against +13.5%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RNST vs SFNC: side by side
| RNST (Renasant Corporation) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +7.1% | +13.5% |
| 5-year return | +34.8% | -3.8% |
| Volatility (ann.) | 30.4% | 28.9% |
| Beta vs S&P 500 | 0.95 | 0.88 |
| Max drawdown (3Y) | -29.3% | -30.5% |
| Market cap | $3.8B | $3.3B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.24% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNST | SFNC |
|---|---|---|
| 2022 | +1.7% | -24.6% |
| 2023 | -7.7% | -4.0% |
| 2024 | +9.1% | +16.7% |
| 2025 | +1.0% | -11.3% |
| 2026 | +18.6% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNST and SFNC good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between RNST and SFNC?
As of 2026-08-27, the correlation of weekly returns between RNST and SFNC is 0.89 over 3 years, 0.89 over 1 year and 0.86 over 5 years.
Is SFNC a good diversifier for RNST?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
A reading of 0.89 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RNST correlations · SFNC correlations
